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Meeting Agenda
I. CALL TO ORDER - 9:00AM
 
II. CHAIR'S REMARKS
9:00-9:10AM
III. Vote To Appoint Lisa VanDeWeert, Chief Business & Finance Officer, Kalamazoo College, As New Trustee - Rec. A.
IV. FUND ADMINISTRATOR'S REMARKS
9:10-9:25AM
IV.A. Minutes Of The March 11, 2022 Virtual Board Meeting
IV.B. Recommendation - #1
V. POST-AUDIT (2021) SESSION WITH YEO & YEO 
      (PER AUDITING STANDARDS)
9:25-9:40AM
VI. ACTUARIAL REPORT - AON
9:40:9:55AM
VII. INVESTMENT AGENT REPORT - HUNTINGTON NATIONAL BANK
9:55-10:10AM
VIII. SERVICE AGENT REPORTS - BROADSPIRE
10:10-10:25AM
IX. SAFETY & LOSS VISIT REPORT - THE ASU GROUP
10:25-10:40AM
X. BREAK
10:40-10:55AM
XI. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
10:55-11:30AM
XI.A. 2022 FUND YEAR BUSINESS
XI.A.1. 2022 Estimated Premium Collections
XI.A.1.a. Memo To Board Of Trustees Regarding Status Of 2022 Estimated Premium Collections
XI.A.1.b. 2022 Estimated Annual And Quarterly Premium Chart
XI.A.2. Second Quarter Fiscal Report For The Period Ending June 30, 2022 & Surplus Transfer Recommendations
XI.A.2.a. Second Quarter Fiscal Report For The Period Ending June 30, 2022  
XI.A.2.b. Recommendations #2, 2a. & 2b. 
XI.B. 2021 FUND YEAR BUSINESS
XI.B.1. 2021 Payroll Audit Premiums
XI.B.1.a. Memo To Board Of Trustees Regarding Status Of 2021 Payroll Audits
XI.B.1.b. Refunds Of 2021 Overpayments/Collection Of Add'l Balances Due
XI.B.1.c. 2021 Excess Reinsurance Premium & Service Fee Payables ($7,305)
XI.B.1.d. Recommendation #3
XI.B.2. Actuarial Study (12/31/21)
XI.B.2.a. Final Actuarial Report (12/31/21)
XI.B.2.b. Recommendation #4
XI.B.3. 2021 Audit  
XI.B.3.a. July 21, 2022 Independent Auditor's Report 
XI.B.3.a.1. Recommendation #5
XI.B.3.b. Final Audit Report For Financial Statements Ending December 31, 2021
XI.B.3.b.1. Recommendation #6
XI.B.3.c. Additional MICU Audit Documentation
XI.B.3.c.1. July 21, 2022 Fund Management Letter - Recommendation #7
XI.B.4. Equity Analysis As Of December 31, 2021
XI.B.4.a. Recommendation #9
XI.B.5. Preliminary Planning, Projections For Distributions During 2022
XI.B.5.a. Loss Fund Dividends From Prior Years
XI.B.5.b. Administrative Fund Refunds 
XI.B.5.c. Proposed Declarations:  At September 15, 2022 Board Business Meeting
XI.C. FUND OPERATIONS
XI.C.1. Proposed 2023 Slate Of Nominations For Fund Trustee Officers & Trustee Terms As Presented By The Nominating Committee 
XI.C.1.a. Recommendation #8
XI.C.2. REMINDER: Next Board Meeting & Annual Membership Meeting-September 15, 2022
XII. ADJOURNMENT - 11:30AM
Agenda Item Details Reload Your Meeting
Meeting: July 29, 2022 at 9:00 AM - MICU Workers' Compensation Fund Board of Trustees Meeting
Subject:
I. CALL TO ORDER - 9:00AM
 
Subject:
II. CHAIR'S REMARKS
9:00-9:10AM
Presenter:
Michael J. Moore, Board Chair
Subject:
III. Vote To Appoint Lisa VanDeWeert, Chief Business & Finance Officer, Kalamazoo College, As New Trustee - Rec. A.
Subject:
IV. FUND ADMINISTRATOR'S REMARKS
9:10-9:25AM
Presenter:
Rhonda M. Roorda, Fund Administrator
Subject:
IV.A. Minutes Of The March 11, 2022 Virtual Board Meeting
Subject:
IV.B. Recommendation - #1
Subject:
V. POST-AUDIT (2021) SESSION WITH YEO & YEO 
      (PER AUDITING STANDARDS)
9:25-9:40AM
Presenter:
Bradley M. DeVries, Principal & Andrew Walton, Senior Accountant
Subject:
VI. ACTUARIAL REPORT - AON
9:40:9:55AM
Presenter:
Terry Pfeifer, Senior Consultant
Subject:
VII. INVESTMENT AGENT REPORT - HUNTINGTON NATIONAL BANK
9:55-10:10AM
Presenter:
Mark S. Vostrizansky, Vice President & Portfolio Manager
Subject:
VIII. SERVICE AGENT REPORTS - BROADSPIRE
10:10-10:25AM
Presenter:
Joanne M. Cameron, Sr. Account Executive
Subject:
IX. SAFETY & LOSS VISIT REPORT - THE ASU GROUP
10:25-10:40AM
Presenter:
Brad Rutgers, President/CEO & Adam Wilberding, Dir. Of Loss Control Services
Subject:
X. BREAK
10:40-10:55AM
Subject:
XI. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
10:55-11:30AM
Subject:
XI.A. 2022 FUND YEAR BUSINESS
Subject:
XI.A.1. 2022 Estimated Premium Collections
Subject:
XI.A.1.a. Memo To Board Of Trustees Regarding Status Of 2022 Estimated Premium Collections
Subject:
XI.A.1.b. 2022 Estimated Annual And Quarterly Premium Chart
Subject:
XI.A.2. Second Quarter Fiscal Report For The Period Ending June 30, 2022 & Surplus Transfer Recommendations
Subject:
XI.A.2.a. Second Quarter Fiscal Report For The Period Ending June 30, 2022  
Subject:
XI.A.2.b. Recommendations #2, 2a. & 2b. 
Subject:
XI.B. 2021 FUND YEAR BUSINESS
Subject:
XI.B.1. 2021 Payroll Audit Premiums
Subject:
XI.B.1.a. Memo To Board Of Trustees Regarding Status Of 2021 Payroll Audits
Subject:
XI.B.1.b. Refunds Of 2021 Overpayments/Collection Of Add'l Balances Due
Subject:
XI.B.1.c. 2021 Excess Reinsurance Premium & Service Fee Payables ($7,305)
Subject:
XI.B.1.d. Recommendation #3
Subject:
XI.B.2. Actuarial Study (12/31/21)
Subject:
XI.B.2.a. Final Actuarial Report (12/31/21)
Subject:
XI.B.2.b. Recommendation #4
Subject:
XI.B.3. 2021 Audit  
Subject:
XI.B.3.a. July 21, 2022 Independent Auditor's Report 
Subject:
XI.B.3.a.1. Recommendation #5
Subject:
XI.B.3.b. Final Audit Report For Financial Statements Ending December 31, 2021
Subject:
XI.B.3.b.1. Recommendation #6
Subject:
XI.B.3.c. Additional MICU Audit Documentation
Subject:
XI.B.3.c.1. July 21, 2022 Fund Management Letter - Recommendation #7
Subject:
XI.B.4. Equity Analysis As Of December 31, 2021
Subject:
XI.B.4.a. Recommendation #9
Subject:
XI.B.5. Preliminary Planning, Projections For Distributions During 2022
Subject:
XI.B.5.a. Loss Fund Dividends From Prior Years
Subject:
XI.B.5.b. Administrative Fund Refunds 
Subject:
XI.B.5.c. Proposed Declarations:  At September 15, 2022 Board Business Meeting
Subject:
XI.C. FUND OPERATIONS
Subject:
XI.C.1. Proposed 2023 Slate Of Nominations For Fund Trustee Officers & Trustee Terms As Presented By The Nominating Committee 
Subject:
XI.C.1.a. Recommendation #8
Subject:
XI.C.2. REMINDER: Next Board Meeting & Annual Membership Meeting-September 15, 2022
Subject:
XII. ADJOURNMENT - 11:30AM

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